The chief man responsible for FX industry regulation discusses prospects in an interview with a Russian financial news agency. Amendments to the forex bill were supposed to be discussed in the Russian Duma on the 23rd of October, however we haven’t heard anything about that since. News agency RIA Novosti claims that discussion has been…
Read moreAiming for transparency, the Benchmark will be free and is developed in tandem with Stanford University researchers Californian company Integral Development corp. has announced the launch of Integral FX Benchmark – the solution to the worries of regulators and in recent light, jokingly, the cure against currency rates manipulators. Integral FX Benchmark (FXB) is a…
Read moreYear on year growth remains steady for FXall, Thomson Reuters growing more rapidly month on month The last big data set for institutional November volume metrics is in and the rebound is confirmed. Thomson Reuters reported that volumes have risen during the month of November. Both FXall and the parent have fared better than in…
Read morePaypal’s Director sees it as a store of value, adds that regulation will boost merchant adoption As hectic volatility on the Bitcoin exchanges goes on, we are on a mission to explore recent factors behind the latest batch of dramatic moves. Yesterday Swiss lawmakers have given the needed “governmental” boost to the crypto-currency with a…
Read moreThe new condition is aimed at improving quality of the exchange’s order book The Moscow exchange has issued a press release on its website announcing that a new fee will be introduced on FX trades since January 20th 2014. Every trade that’s worth less than 50 lots will have an additional 25 RUB fee applied.…
Read moreA whopping rise to $429B, higher by 47% M/M is unlocking the institutional freeze from last month GAIN Capital Holdings (NYSE:GCAP) have just announced their volume metrics for the month of November and those have ballooned quite impressively on the institutional side. Let’s first examine the retail component though - retail OTC volumes were lower…
Read moreMost MIG Bank employees are relocating to Swisquote's Gland HQ, clients moved over too. LeapRate Exclusive... LeapRate has learned that leading Swiss online trading firm Swissquote has formally closed today on its $70 million acquisition of MIG Bank. As both firms are licensed Swiss banks, and are also regulated elsewhere (UK, Hong Kong, and Dubai),…
Read moreAfter Libor and Euribor, recent FX rates manipulation probes, EU regulators seem to be toughening up Over the weekend German financial regulator BaFin has announced that it would be in the interest of the financial markets to conduct a thorough reform to the setting of financial markets benchmarks such as Libor. Chief Executive Director Raimund…
Read moreSeveral leading retail forex brokers are actively adding binaries to their menu of tradable products Fresh out of the box: FXDD now starts offering binary options trading through an agreement with binary platform provider SpotOption. The platform to provide the brokerage’s clients with the new service is called Spot Binary Trader, which is a web…
Read moreSenen Pousa and Investment Intelligence Corporation defrauded over 960 clients worldwide The US Commodity Futures trading Coomision has obtained a court order against defendants Senen Pousa and Investment Intelligence Corporation (IIC) for the payment of $192 million in relation to their forex fraud scheme that caused over 960 of their customers worldwide to lose their…
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